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Japan's economy, the second largest in the world, has slipped into recession in the third quarter as companies slashed investment to weather the financial crisis, official data showed Monday. Japan's economy contracted by 0.1% in the three months to ...
Read moreChina’s largest investment conglomerate will inject $1.5bn into its Hong Kong-listed arm and relieve the company of currency contracts that could have cost it billions of dollars. China International Trust and Investment Corp will purchase ...
Read more2008-11-17 19:28:38 - From last few months, it seems as if entire formulas in economics books are absurd. The world is facing worst ever economic recession period. Off course, it has also left adverse affect upon forex trading strategies. So ...
Read moreBEIJING: China will not panic and sell off its US assets in the face of the global financial crisis, the nation's central bank vice governor told reporters on Friday. "China inevitably has to invest its forex reserves in the overseas market and we ...
Read moreNEW YORK, Nov 19 (Reuters) - The chief executive of Deutsche Lufthansa AG, Germany's national flag-carrier, expressed frustration on Wednesday over the United States' restrictions on foreign ownership of airlines. Lufthansa holds a 19 percent stake ...
Read moreNEW YORK, Nov 19 (Reuters) - The shares of U.S. life insurers, led by Hartford Financial Services Group Inc, fell on Wednesday, as investors grew even more concerned about future losses, including from the sector's large exposure to commercial ...
Read moreBEIJING - THE fundamentals of China's economy remain good despite the global financial crisis, with the government confident of maintaining fast growth, a senior official said on Friday. 'I think the central government's decision to make significant ...
Read moreMUMBAI: The fall in India’s foreign exchange reserves continued for yet another week as the Reserve Bank of India sold dollars to meet buyers’ demand. The forex kitty saw an outflow of $1.5 billion during the week ended November 7. The government ...
Read moreChina will remove export taxes on 102 items including steel products, corn and barley from December 1, the government said, as it strives to shore up exports amid the global economic troubles. It will cut export taxes on another 54 items such as ...
Read moreNew Delhi, Nov 16: India's foreign exchange reserves, having peaked at USD 314.62 billion in May, dropped by over USD 44 billion in the past two months, thanks to the widening trade deficit and FIIs pulling out of emerging markets with worsening ...
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